Hercules Site Services has sold its Suction Excavator business to SNC Holdings for £2.4 million in cash. The deal cuts £9 million in debt and lets Hercules focus on its core Labour Supply operations.
Kodal Minerals has produced its first spodumene concentrate at the Bougouni Lithium Project in Mali. The milestone was hit during commissioning, with lithium oxide levels matching the planned production profile.
Meanwhile, Diversified Energy says 2024 was a solid year, with stable production and strong cash flow. It averaged 132,000 barrels of oil equivalent per day, rising to 144,000 by year-end.
And S&U is seeing recovery in its car finance arm, Advantage Finance, as new deals climbed to over 900 in January. Regulatory restrictions have eased, and the company said its property finance business, Aspen Bridging, saw record growth.
Finally, Fintel is moving to a single CEO structure, with Matt Timmins taking full leadership in June. The company, which provides technology and support services to the UK financial sector, says it’s part of a long-term succession plan.
Follow us and subscribe on Youtube, our social channels and of course on proactiveinvestors.co.uk
